Automotive Updates - 30/04/2014
- Bajaj Auto, which is bracing itself for a worker strike
scheduled to begin at its Chakan plant from May 15, has received support from
around 200 villages in and around the Chakan region. In a statement issued
yesterday, the company says that following a meeting with the management, the
representatives of these villages have expressed a concern that labour strikes
have an adverse impact on existing industries by reducing manufacturing volumes
and also on new entrants who may hesitate to invest in the Chakan area in the
near future.
- Czechoslovakia-based automobile major Skoda is looking to
expand presence in India and exploring possibilities for setting up a
manufacturing unit for Metro coaches in the country. The Czech Ambassador
in India Miloslav Stasek said this at an interaction with engineering
exporters' body EEPC India.
- Nissan India will launch the refreshed Sunny sedan in early
July, Indian Autos Blog was told by a source who is privy to the launch. The
refreshed Sunny was showcased at the Auto Expo in February and carries many
design and feature changes over the current model.
- Mahindra Intertrade, part of the Mahindra Group, is readying itself to get
publicly listed in the next three years by gaining scale through expansion of
its automotive steel processing segment, its managing director Harsh Kumar told
ET.
- Germany's Robert Bosch expects sales growth of between 3 and
5 percent this year, even as the automotive supplier shifts its focus toward
Asian markets and developing internet-connected sensors.
- Motorists buying electric cars in the UK will be able to
claim on the government's £5,000 (Rs 5.09 lakh) incentive until at least 2017.
The extended scheme comes as part of a wider initiative for an extra £500
million (Rs 5,098 crore) worth of funding to encourage the uptake of ultra-low
emission vehicles.
- media reports claim that the German car VW maker has
finalised the budget brand and its first product. The first model from the
budget brand might make its appearance as early as 2016.
- Daimler's first-quarter operating profit more than doubled
as surging sales of new cars and improving margins in its Mercedes-Benz luxury
autos division extended its recent recovery.
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